petterhs on Nostr: Great read! Haven't really thought about how all interest makes it necessary to print ...

Great read! Haven't really thought about how all interest makes it necessary to print more money from elsewhere since only the inital amount is printed with that loan. The 2℅ inflation goal infuritates me. There has been alot of talk about inflation in mainstream media the last years but i haven't seen anyone question why its 2% not 1.5 or 3 or anything else. Everyone just says "Thats how it is", "All other countries are doing it the same" or "Deflation is very scary so someone smarter than me decided on 2% so thats how it is. Deal with it". Would like to see the fiat maxis argument for why they ended at 2% and why it is out of the question to re-evaluate that. Especially since they are terrible at hitting the goal..